Gold Price Analysis in India on Wednesday, December 1, 2021 (Morning Report):

 Source: goodreturns.in


Gold has over the years been a perfect hedge against inflation. Investors are increasingly looking at gold as an important investment. Goodreturns (OneIndia Money) is providing gold price in India herewith for our readers informational purposes only. These gold rates are updated today and are sourced from reputed jewellers in the country.

Today 22 Carat Gold Price Per Gram in India (INR)

Gram 22 Carat Gold
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram 4,712 4,712 0
8 gram 37,696 37,696 0
10 gram 47,120 47,120 0
100 gram 4,71,200 4,71,200 0

Today 24 Carat Gold Rate Per Gram in India (INR)

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram 4,812 4,812 0
8 gram 38,496 38,496 0
10 gram 48,120 48,120 0
100 gram 4,81,200 4,81,200 0

* The above gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your local jeweller.

Indian Major Cities Gold Rates Today

City 22 Carat Gold
Today
24 Carat Gold
Today
Chennai 44,880 48,960
Mumbai 47,120 48,120
Delhi 46,750 51,000
Kolkata 46,950 49,650
Bangalore 44,600 48,650
Hyderabad 44,600 48,650
Kerala 44,600 48,650
Pune 46,050 49,300
Vadodara 46,320 47,770
Ahmedabad 45,980 49,400
Jaipur 46,990 49,240
Lucknow 45,590 48,490
Coimbatore 44,880 48,960
Madurai 44,880 48,960
Vijayawada 44,600 48,650
Patna 46,050 49,300
Nagpur 47,120 48,120
Chandigarh 45,590 48,490
Surat 45,980 49,400
Bhubaneswar 44,840 49,120
Mangalore 44,600 48,650
Visakhapatnam 44,600 48,650
Nashik 46,050 49,300
Mysore 44,600 48,650

Gold Rate in India for Last 10 Days (10 g)

Date 22 Carat 24 Carat
Dec 1, 2021 47,120 0 48,120 0
Nov 30, 2021 47,120 -190 48,120 -190
Nov 29, 2021 47,310 -10 48,310 -10
Nov 28, 2021 47,320 10 48,320 10
Nov 27, 2021 47,310 370 48,310 370
Nov 26, 2021 46,940 310 47,940 310
Nov 25, 2021 46,630 0 47,630 0
Nov 24, 2021 46,630 -360 47,630 -360
Nov 23, 2021 46,990 -1290 47,990 -1290
Nov 22, 2021 48,280 0 49,280 0

1. Nov8. Nov15. Nov22. Nov29. NovJan '21May '21Sep '2147 00047 50048 00048 50049 00049 50050 000Zoom1m3m6mYTD1yAllFromOct 31, 2021ToDec 1, 2021

Historical Price of Gold Rate

  • Gold Price Movement in November 2021
  • Gold Rates 22 Carat 24 Carat
    1 st November rate Rs.46,740 Rs.47,740
    30th November rate Rs.47,120 Rs.48,120
    Highest rate in November Rs.48,470 on November 17 Rs.49,470 on November 17
    Lowest rate in November Rs.46,220 on November 5 Rs.47,220 on November 5
    Over all performance Rising Rising
    % Change +0.81% +0.80%
  • Gold Price Movement in October 2021
  • Gold Price Movement in September 2021
  • Gold Price Movement in August 2021
  • Gold Price Movement in July 2021
  • Gold Price Movement in June 2021
  • Gold Price Movement in May 2021

How is hallmarked gold rate today in India determined?

Now, first the important thing is that there is no difference between normal gold rate and hallmarked gold rate. Nobody charges extra for giving you hallmarked gold rate. It is the same rate at which the normal gold is sold. The only difference is that you are ensured of purity when you buy normal gold.

Hallmarked gold rate vs normal gold rate

1) There is no difference in gold prices

2) You are ensured of purity through hallmarking.

3) You have to take the precious metal to the essaying centres

4) Not many essaying centres are available in the market.

5) Some have advocated a stringent quality practice that has to established at the testing centres.

6) Still some way to reach the town and smaller cities.

7) Focus must be on swift expansion of the essaying centres so the smaller jewellers can make the best use of it.

The one thing that we need to mention is that hallmarked gold rates today in India do not differ in their pricing. What does differ is the quality of the precious metal. In any case what we advocate when you are buying is to buy into very high quality stuff. If there are no charges and difference between the two, it is better to stick to the quality hallmarked products. Investors have voiced their opinion on the poor number of hallmarking centres in the country and this needs to be addressed at the very earliest by the government of India. There is an urgent need to start more hallmarking centres, so quality gold is taken to all consumers in the country.

Read: A beginners guide to investing in gold in India

Gold Rate in India, 22 & 24 Carat Gold Price Today

Gold as an Asset

Gold, the precious metal is one of the most sought-after assets during turbulent times.

The investment in the precious metal has grown across the globe year on year basis. Since 2001, the metal has witnessed a growth of around 15% every year. The unique property of the jewellery metal of safe haven has renewed focus on effective risk management, since the financial crisis rocked the markets way back in 2008-2009.

Gone are the days where in gold was used as an ornamental metal adorned by women during festivities and celebrations. The changing pace of economic growth has driven even institutional investors to invest in this asset which acts as a source of long – term returns. It also acts as a diversifier which negates losses during volatility in stock markets.

The precious metal is one of the prominent liquid assets and it comes in handy at turbulent times. The yellow metal acts as a hedge against inflation and currency debasement. Apart from this, the metal outshines when equities and debt tumble in the stock markets.

India which is the gold loving county has greater affinity towards the metal and has occupied second position when it comes to consumption globally. It has a dual nature as an investment option and a luxury good. The value of metal has grown phenomenally over the years and hence the metal is one of the safest bet to invest in as an asset.

How is gold price today in India per gram arrived at?

Who imports and how is 22 carat gold price in India determined?

Sovereign Gold Bond Scheme: Should you invest in them?

How is Gold used in Electronics?

Putting your gold safely in India

Understanding the imports of gold into India

New measures that will impact gold prices in India

The present import duty on gold

Inflation and gold rates in india

Gold in India shows great strength in 2019

How QE impacts gold prices in India today?

The magnetic test to check gold purity

Factors that influence gold prices in India

Is inflation a big determinant of gold rates in India

Large amount of gold remains undiscovered

Gold - A special niche

Method for buying gold coins in India

Demand for Gold in India:

How gold rates in India change?

Why we need to invest in Gold in India?

Has gold investment in India delivered returns?

Production of gold

How is gold brought into India?

Why checking gold prices today is important?

How much is one tola gold?

Hassles with melting your old gold jewellery

How gold buying is sinking in India?

 Tracing gold prices in India in the last 5 decades

How gold prices move in India?

Rural gold demand in India remains soft

How to sell gold in India?

Historical Gold rates in India

Purity of gold

What is in store for gold prices in 2019?

916 hallmarked gold rate in India

Advantages of investing in gold

The various gold buying options in India

How gold rates in India will move in 2018?

Taxes on gold in India

The US Fed Interest rates and gold price movement in India

The one important question you should ask when buying gold in India?

What are the various gold options that we have ?

Currency movement and gold rates in India

Showing a declining trend

 3 reasons to be buying gold

There is a drop in demand for gold

Why gold is a good investment bet in India?

 Checking purity of gold in India

Why it is important to restrain yourself when buying gold?

Worth investing in Jewelers gold schemes

 When to buy gold in India?

How bond yields rise in US is affecting gold prices in India today?

How to know 22 karats and 24 karats gold difference?

Physical gold vs gold ETFs vs sovereign gold bonds

Latest Updates on Gold Price in India

In India Gold Rates Declined By Rs. 190/10 Grams Today

Today in India both 22 carat and 24 carat gold prices have fallen by Rs.

190/10 grams. Today the Comex gold December futures gained by 0.59% and were quoted at $1792/oz, while the spot gold prices gained by 0.44%, and were quoted at $1793.3/oz till last traded. Yesterday Comex December gold futures closed at $1782.3/oz. On the other hand, the US dollar index in the spot market stood at 95.78. falling by only 0.43%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in February future quoted at Rs. 48,187/10 grams, gained by 0.41%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4712 today, yesterday it was Rs. 4731. So, 100 grams of 22 carat gold rate today is quoted at Rs. 471200.

For the 24 carat gold, the rate is Rs. 4812, yesterday it was Rs. 4831. Today the price of 100 grams 24 carat gold is quoted at Rs. 481200.

After a significant surge in headline inflation (CPI) and Personal Consumption Expenditures (PCE) in the USA, immediately gold rates rallied up. But this week, gold is not showing a major gain in the first two trading days, however, the rates are not falling. Today's gold rate average is $1782-$1795/oz in the global market.

30 November 2021

Gold Rates Fell By Rs. 10/10 Grams Today In India

Today in India both 22 carat and 24 carat gold prices have fallen by Rs. 10. Today the Comex gold December futures gained by 0.46% and were quoted at $1793/oz, while the spot gold prices fell by 0.04%, and were quoted at $1793.5/oz till last traded. Yesterday Comex December gold futures closed at $1785/oz.

On the other hand, the US dollar index in the spot market stood at 96.19. falling by only 0.01%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in February future quoted at Rs. 48,147/10 grams, gained by 0.39%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4731 today, yesterday it was Rs. 4732. So, 100 grams of 22 carat gold rate today is quoted at Rs. 473100.

For the 24 carat gold, the rate is Rs. 4831, yesterday it was Rs. 4832. Today the price of 100 grams 24 carat gold is quoted at Rs. 483100.

Gold and silver, both of these metals have gained marginally in the international spot and future markets. Risk sentiment in the Asia Pacific region has been low overnight, as The Nikkei 225 (-1.63%), ASX (-0.54%), and Shanghai Composite (-0.04%) all struggled in the morning. However, the futures markets in Europe reacted positively. Gold is now heading towards $1800/oz globally.

29 November 2021

Gold Rates Gains By Rs. 370/10 Grams Today In India

Today in India both 22 carat and 24 carat gold prices have hiked by Rs. 370. Today the Comex gold December futures gained by 0.07% and were quoted at $1785/oz, while the spot gold prices fell by 0.15%, and were quoted at $1786.7/oz till last traded. Yesterday Comex December gold futures closed at $1784.3/oz. On the other hand, the US dollar index in the spot market stood at 96.07. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in December future quoted at Rs. 47,640/10 grams, gained by 0.46%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4731 today, yesterday it was Rs. 4694. So, 100 grams of 22 carat gold rate today is quoted at Rs. 473100.

For the 24 carat gold, the rate is Rs. 4831, yesterday it was Rs. 4794. Today the price of 100 grams 24 carat gold is quoted at Rs. 483100.

Gold prices are rising in the international markets again, after a short-term fall, after the reappointment of Jerome Powell as the US Fed Chairman. But the PCE and CPI inflation concerns along with worries about the new Covid variant reported in South Africa, are again pushing investors towards gold. The precious metal again proved to be the safe-haven asset during a crisis.

27 November 2021

Gold Rates Gains By Rs. 310/10 Grams Today In India

Today in India both 22 carat and 24 carat gold prices have hiked by Rs. 310. Today the Comex gold December futures gained by 1.47% and were quoted at $1810.5/oz, while the spot gold prices fell by 1.52%, and were quoted at $1816.5/oz till last traded. Yesterday Comex December gold futures closed at $1784.3/oz. On the other hand, the US dollar index in the spot market stood at 96.25, falling by 0.54%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in October future quoted at Rs. 48,200/10 grams, gained by 1.64%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4694 today, yesterday it was Rs. 4662. So, 100 grams of 22 carat gold rate today is quoted at Rs. 469400.

For the 24 carat gold, the rate is Rs. 4794, yesterday it was Rs. 4762. Today the price of 100 grams 24 carat gold is quoted at Rs. 479400.

A new variant of the Coronavirus is keeping the markets under pressure, hence gold rates are increasing. According to reports, gold traded 0.80% higher, and silver traded 0.29% higher at $23.64/oz, overnight as worries of a new Covid-19 variant hit the markets. A coronavirus increase will lead to hurdles for economic activities. Earlier the delta variant of the Covid virus impacted the second wave largely. The pandemic affects both the supply chain and manufacturing sectors that certainly breaks the ecosystems of the demand-supply chain. So, investors intend to reply on assets like gold and other precious metal.

27 November 2021

Gold Rates Drops By Rs. 10/10 Grams Today In India

Today in India both 22 carat and 24 carat gold prices have fallen by Rs. 10. Today the Comex gold December futures gained by 0.38% and were quoted at $1791/oz, while the spot gold prices fell by 0.11%, and were quoted at $1792/oz till last traded. Yesterday Comex December gold futures closed at $1784/oz. On the other hand, the US dollar index in the spot market stood at 96.73, falling by 0.10%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in October future quoted at Rs. 47,464/10 grams, gained by 0.05%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4662 today, yesterday it was Rs. 4663. So, 100 grams of 22 carat gold rate today is quoted at Rs. 466200.

For the 24 carat gold, the rate is Rs. 4762, yesterday it was Rs. 4763. Today the price of 100 grams 24 carat gold is quoted at Rs. 476200.

Yesterday USA's labor market data got published stating that the weekly jobless claims dropped by 71,000 to 199,000, down from the previous week's revised estimate of 268,000 claims. Additionally, the Bureau of Economic Analysis (BEA), USA, today Personal Consumption Expenditures (PCE) Price Index went to 5% YoY, in October, rising by 0.6%. these two reports influenced today's gold rates, in the global markets.

25 November 2021

Gold Rates Fell By Rs. 360/10 Grams Today In India

Today in India both 22 carat and 24 carat gold prices have fallen by Rs. 360. Today the Comex gold December futures gained by 0.30% and were quoted at $1789/oz, while the spot gold prices fell by 0.10%, and were quoted at $1788.9/oz till last traded. Yesterday Comex December gold futures closed at $1783/oz. On the other hand, the US dollar index in the spot market stood at 96.69, gained by 0.18%.

Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in October future quoted at Rs. 47,395/10 grams, dropped by 0.08%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4663 today, yesterday it was Rs. 4699. So, 100 grams of 22 carat gold rate today is quoted at Rs. 466300.

For the 24 carat gold, the rate is Rs. 4763, yesterday it was Rs. 4799. Today the price of 100 grams 24 carat gold is quoted at Rs. 476300.

In India, gold rates have fallen sharply in 2 consecutive days, which is profitable for common buyers in the wedding season, and for investors who are buying digital gold or gold ETFs. Gold demands are expected to pull off higher this last week of November. Being optimistic about gold performance internationally, Kai Hoffmann, CEO of Oreninc told Kitco, “Themes we've been hearing [at the conference] is outflows from crypto into gold. Bitcoin (supply)…is limited and gold is not, meaning that bitcoin may pop. It's very, very volatile. Gold is more stable.”

24 November 2021

Gold Rates Fell By Rs. 1290/10 Grams Today In India

Today in India both 22 carat and 24 carat gold prices have fallen by Rs. 1290. Today the Comex gold December futures fell by 0.51% and were quoted at $1797/oz, while the spot gold prices gained by 0.34%, and were quoted at $1799/oz till last traded. Yesterday Comex December gold futures closed at $1807/oz. On the other hand, the US dollar index in the spot market stood at 96.41. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in October future quoted at Rs. 47,654/10 grams, dropped by 0.56%, till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4699 today, yesterday it was Rs. 4828. So, 100 grams of 22 carat gold rate today is quoted at Rs. 469900.

For the 24 carat gold, the rate is Rs. 4799, yesterday it was Rs. 4928. Today the price of 100 grams 24 carat gold is quoted at Rs. 479900.

Gold rates have fallen sharply today, as US President Joe Biden announced Jerome Powell's name as the next US Fed Chairman. Earlier, analysts were expecting a more dovish President. Then gold rates could hike more. But with the announcement of Powell, the monetary policy of the country is anticipated to remain the same.

23 November 2021

Gold Rates Quoted At Rs. 48280/10 Grams Today In India

Today in India both 22 carat and 24 carat gold prices remained flat. Today the Comex gold December futures fell by 0.29% and were quoted at $1846/oz, while the spot gold prices gained by 0.06%, and were quoted at $1847/oz till last traded.

Yesterday Comex December gold futures closed at $1861/oz, but dropped to $1844/oz once. On the other hand, the US dollar index in the spot market stood at 96.07, falling by 0.07%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in October future quoted at Rs. 48,829/10 grams till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4828 today, yesterday it was Rs. 4828. So, 100 grams of 22 carat gold rate today is quoted at Rs. 482800.

For the 24 carat gold, the rate is Rs. 4928, yesterday it was Rs. 4928. Today the price of 100 grams 24 carat gold is quoted at Rs. 492800.

At the present moment, analysts, worldwide are keeping eyes on the US President Joe Biden's Federal Reserve Chair pick, whether it will remain Jerome Powell or Lael Brainard. This decision by the US President will lead the upcoming 4 years' monetary policy for the country. If the next Fed Chair remains dovish and does not hike the interest rate soon, gold can reach $1,900/oz.

22 November 2021

Indian Gold Rates Quoted At Rs. 48270/10 Grams

Today in India both 22 carat and 24 carat gold prices gained by Rs. 170/10 grams. The Comex gold December futures fell by 0.53% and were quoted at $1851/oz, while the spot gold prices fell by 0.73%, and were quoted at $1846/oz till last traded.

Yesterday Comex December gold futures closed at $1861/oz, but dropped to $1844/oz once. On the other hand, the US dollar index in the spot market stood at 96.02.

Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in October future also fell by 0.40%, and quoted at Rs. 48,864/10 grams till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4827 today, yesterday it was Rs. 4810. So, 100 grams of 22 carat gold rate today is quoted at Rs. 482700.

For the 24 carat gold, the rate is Rs. 4927, yesterday it was Rs. 4910. Today the price of 100 grams 24 carat gold is quoted at Rs. 492700.

Gold rates in the international markets have been falling marginally since the last 5 days, although the trend was heading north at the first two weeks of the current month. But, at present the market is very cautious about the upcoming Fed Chair's name, investors are speculating that will Powell remain the Fed Chair or will Federal Reserve Governor Lael Brainard take up for the position.

20 November 2021

Indian Gold Rates Quoted At Rs. 48100/10 Grams

Today in India both 22 carat and 24 carat gold prices remained flat. The Comex gold December futures fell by 0.02% and were quoted at $1861/oz, while the spot gold prices gained by 0.07%, and were quoted at $1860.8/oz till last traded.

Yesterday Comex December gold futures closed at $1861/oz, hence today the global gold rate trend is heading north. On the other hand, the US dollar index in the spot market stood at 95.99, gained by 0.45%. Mirroring the same global gold rate trend, in India, the Mumbai MCX gold in October future also fell by 0.45%, and quoted at Rs. 49,068/10 grams till last traded.

The price of 22 carat gold per gram is quoted at Rs. 4810 today, yesterday it was Rs. 4847. So, 100 grams of 22 carat gold rate today is quoted at Rs. 481000.

For the 24 carat gold, the rate is Rs. 4910, yesterday it was Rs. 4947. Today the price of 100 grams 24 carat gold is quoted at Rs. 491000.

Gold rates are inversely related to the US dollar index. When the US dollar gains globally, gold rates tend to fall and vice versa. Today with a marginal hike in the US Dollar index, gold rates have dropped by a tad. However, gold rates in the international market are trading higher in November, than the previous month, mostly due to inflation concerns.

19 November 2021

Disclaimer: The gold rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious gold. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on gold information provided.

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